The ongoing war between Russia and Ukraine has halted the pace of economic growth in many countries around the globe. On the other hand, the supply chain was affected badly. As a result, many companies are dealing with a shortage of accessories required for manufacturing the primary equipment. Additionally, the fear of recession is looming over America, the largest economy in the world. Most shocking is that several companies have stopped hiring and announced layoffs. 

During this recession, the best idea is to reduce costs to advance your company steadily. Hence, every industrialist needs an ERP system that helps raise profit by eliminating unnecessary expenses. Odoo ERP can meet any business requirements during this time of economic slowdown.

Why Odoo ERP Is Much-Needed for Business?

When it comes to comparing Odoo with the rest of the ERPs, Odoo has a competitive edge over them due to its cutting-edge modules, which can carry out various business operations more effectively.

Most notably, it can be easily integrated with your current system and establish the proper functioning in each department of your company. It is a cost-effective investment for both the clients and customers. Over the last couple of years, Odoo has remarkably increased its reach across the world.

Odoo furnishes users with Community and Enterprise versions. You can easily access the Community edition, whereas, you need a license to use the modules of the Enterprise version. There are various types of business-related modules in the Odoo Apps store, which help manage the company's crucial operations.

Odoo Enterprise Version

The Odoo Enterprise version has various modules with top-notch features, which accelerate the pace of business operations. The number of users and apps will define your subscription fees for the Enterprise edition. It includes some of the best modules such as CRM, Sale, Purchase, PoS, and many more.

Each module is designed to support business tasks in an effective manner. The greatest advantage of having this ERP software is that it enhances communication and brings every department under one roof, which ultimately boosts the decision-making process.

Odoo Accounting Module

Accounting is one of the most refined modules in Odoo's bucket. It helps withstand the problems most companies are facing when dealing with accounting operations during an economic crisis. 

With the Odoo Accounting module, it gets easier to link eCommerce task with the accounting department, which helps tackle each e-commerce task smoothly and effectively. 

Customization

If a company wants to sustain its growth, it will require proper customization. Odoo provides abundant customization options, which enhance the cooperation between different departments of the company.

The customization of Odoo modules doubles the pace of regular operations resulting in reduced costs and increased sales. Odoo ERP caters to various business requirements by offering modules like Inventory, PoS, CRM, Warehouse, Accounting, and many more.

Odoo Social Media Marketing

In this day and age, popular social media sites play a tremendous role in helping businesses pick up growth. The proper implementation of social media makes the audience notice the brand of the company. 

Odoo Social Marketing module has amazing features that can pave the way to reach out to the maximum number of people. Other apps such as Email Marketing, Marketing Automation, and SMS Marketing are more effective in getting more customers.

Conclusion

Investing in Odoo ERP software is the best decision to resist the ongoing recession and promote your business. Highly advanced modules of Odoo help attract more clients.